Kotak Mutual Fund confirmed that its new Gold Silver Passive Fund of Fund will launch as planned, even as silver prices remain elevated. The fund expects the metal's prices to normalize following Diwali.
To be eligible, investors must not have previously invested in mutual funds (either as SIP or lumpsum). Additionally, investments must be made under the Growth Option, and participants must commit to a minimum of 60 monthly installments.
Nilesh Shah of Kotak AMC also credited the US central bank for maintaining the balance between inflation and growth.
The change in debt fund taxation earlier this year has nudged fund houses like Kotak Mutual Fund to launch asset allocation funds with an equity tax advantage. The funds invest in multiple asset classes and then switch between them, depending on the fund manager’s strategy to ride market volatility and opportunities it presents.
While Kotak Mahindra MF has suspended lump sum investments and fresh as well existing SIPs in one of its overseas schemes, Edelweiss MF has stopped only lump sum investments in its seven schemes.
He is overweight on banking, auto, and the industrial segment, and underweight on IT, which he feels will decline as go into 2023.
The action has triggered a debate: should an organisation promote officials penalized by a regulator or wait until a clean chit is given by a higher court?
Pankaj Tibrewal, Senior Fund Manager, Kotak Mutual Fund, tells Kayezad Adajania, about the many facets of small and midcap funds, on Simply Save, Moneycontrol's very own personal finance podcast, presented by Kotak Mutual Fund
Cement stocks have been in focus after companies announced successive price hikes over the past few weeks
Moneycontrol’s Jash Kriplani talks with Lakshmi Iyer, chief investment officer-debt of Kotak Mutual Fund
Harsha Upadhyaya tells Kayezad Adajania about his experience with company background checks.
Assuming the government actually walks the path of fiscal profligacy, the next question is – how will the additional deficit be funded?
This is the second written communication to investors in the last three days
Kotak MF said its exposure to Essel Group remained in six fixed maturity plans (FMPs) and in Kotak Credit Risk Fund to an extent of 0.37 percent of its assets under management.
The underlying fund is an open-ended series trust of SMAM Global Investment Trust, based in Cayman Islands
The market today is pricing in a stable government which will pursue the path of higher growth
While current valuations are not cheap, the fund house expects a further pick-up in earnings
Speaking on a sectoral basis, Upadhyaya said that he is still underweight on the IT space, despite the run up seen recently.
Any spate of volatility is good for any long-term investments, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.
Financials is an interesting space because the market share has shifted from PSUs to private in spaces banks, insurance, AMCs, said Pankaj Tibrewal, Senior VP & Equity Fund Manager, Kotak MF.
"Mutual funds are growing at a rate of 15 per cent annually in the country," KMF national head (sales and distribution alliance) Manish Mehta told reporters.
Upadhyaya feels monsoon progress until now has been above-normal despite some softening recently, which augurs well for many rural oriented businesses.
Cement is likely to benefit from consolidation in the sector, government spending and demand revival, said Harish Krishnan of Kotak Mutual Fund.
The 10-year government bond may continue to remain in the tight band of 6.45-6.65 percent
Would avoid chasing momentum but build a portfolio that has reasonable valuations, said Harsha Upadhyaya, CIO Equity, Kotak Mutual Fund.